Technical Analysis for NFG - New Found Gold Corp

Grade Last Price % Change Price Change
F 2.170 -4.82% -0.110
NFG closed down 8.06 percent on Wednesday, November 20, 2024, on 3.11 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish -4.82%
Volume Surge Other -4.82%
New 52 Week Low Weakness -4.82%
Wide Bands Range Expansion -4.82%
Below Lower BB Weakness -4.82%
Lower Bollinger Band Touch Weakness -4.82%
Oversold Stochastic Weakness -4.82%
New 52 Week Closing Low Bearish -12.50%
New Downtrend Bearish -12.50%
New 52 Week Low Weakness -12.50%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low 24 minutes ago
Down 5% 24 minutes ago
Down 3% 24 minutes ago
Down 2% 24 minutes ago
New 52 Week Low 24 minutes ago

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Profile

New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador and Ontario, Canada. The company primarily explores for gold deposit. It holds an interest in the Queensway project comprising 86 mineral licenses and 6,041 claims that covers an area of 151,030 hectares of land located near Gander, Newfoundland. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp. in June 2017. New Found Gold Corp. was founded in 2016 and is headquartered in Vancouver, Canada.
Classification

Sector: Basic Materials
Industry: Gold
Keywords: Mineral Gold Mineral Properties Mineral Exploration Identification Atlantic Canada Gander

Is NFG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.71
52 Week Low 2.22
Average Volume 293,022
200-Day Moving Average 4.134
50-Day Moving Average 3.303
20-Day Moving Average 2.944
10-Day Moving Average 2.718
Average True Range 0.189
RSI (14) 27.01
ADX 27.23
+DI 12.828
-DI 37.676
Chandelier Exit (Long, 3 ATRs) 3.244
Chandelier Exit (Short, 3 ATRs) 2.786
Upper Bollinger Bands 3.573
Lower Bollinger Band 2.314
Percent B (%b) -0.03
BandWidth 42.799
MACD Line -0.254
MACD Signal Line -0.195
MACD Histogram -0.0582
Fundamentals Value
Market Cap 323.87 Million
Num Shares 142 Million
EPS 0.01
Price-to-Earnings (P/E) Ratio 190.00
Price-to-Sales 0.00
Price-to-Book 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.610
Resistance 3 (R3) 2.627 2.533 2.555
Resistance 2 (R2) 2.533 2.449 2.525 2.537
Resistance 1 (R1) 2.407 2.397 2.360 2.390 2.518
Pivot Point 2.313 2.313 2.290 2.305 2.313
Support 1 (S1) 2.187 2.229 2.140 2.170 2.042
Support 2 (S2) 2.093 2.177 2.085 2.023
Support 3 (S3) 1.967 2.093 2.005
Support 4 (S4) 1.950